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Registered Number: 10499697
England and Wales

 

 

 

MOLVI PROPERTIES LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 December 2023

End date: 31 March 2025

MOLVI PROPERTIES LIMITED
Contents Page
For the Period 01 December 2023 to 31 March 2025
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of MOLVI PROPERTIES LIMITED for the period ended 31 March 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of MOLVI PROPERTIES LIMITED, as a body, in accordance with the terms of our engagement letter dated 13 October 2025. Our work has been undertaken solely to prepare for your approval the accounts of MOLVI PROPERTIES LIMITED and state those matters that we have agreed to state to the Board ofs of MOLVI PROPERTIES LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MOLVI PROPERTIES LIMITED and its members as a body for our work or for this report.

It is your duty to ensure that MOLVI PROPERTIES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of MOLVI PROPERTIES LIMITED. You consider that MOLVI PROPERTIES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of MOLVI PROPERTIES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................

SNP Plus Ltd
Accountants and Tax Advisors
284 Station Road
Harrow, London
HA1 2EA
13 October 2025
1
 
 		 Notes
 		 2025
£		   2023
£
Fixed assets      
Tangible fixed assets 3 961,266    964,398 
961,266    964,398 
Current assets      
Cash at bank and in hand 14,588    3,712 
Creditors: amount falling due within one year (178,609)   (181,995)
Net current assets (164,021)   (178,283)
 
Total assets less current liabilities 797,245    786,115 
Creditors: amount falling due after more than one year (605,430)   (605,430)
Provisions for liabilities (54,474)   (55,190)
Net assets 137,341    125,495 
 

Capital and reserves 		     
Called up share capital 4 1    1 
Fair Value Reserves 5 215,514    215,514 
Profit and loss account (78,174)   (90,020)
Shareholders' funds 137,341    125,495 
 


For the period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 13 October 2025 and were signed by:


-------------------------------
Irfan Mohamed Ismail Molvi
Director
2
General Information
MOLVI PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10499697, registration address 2 SHERWOOD ROAD, LUTON, LU4 8LG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the FRS 102, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the period was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2023 957,496    11,286    1,242    970,024 
Additions -    -    -    - 
Disposals -    -    -    - 
At 31 March 2025 957,496    11,286    1,242    970,024 
Depreciation
At 01 December 2023 -    4,833    793    5,626 
Charge for period -    2,821    311    3,132 
On disposals -    -    -    - 
At 31 March 2025 -    7,654    1,104    8,758 
Net book values
Closing balance as at 31 March 2025 957,496    3,632    138    961,266 
Opening balance as at 01 December 2023 957,496    6,453    449    964,398 

Investment properties
The property situated at 3 Althorp Road has been revalued to its fair value of £280,000.00 (2023 : £280,000.00) as on 30/11/2024. If Investment property were included in the Balance Sheet on an historical cost basis, then carrying amount would be £211,007.00. 

The property situated at 13 Beech Road has been revalued to its fair value of £340,000.00 (2023 : £340,000.00) as on 30/11/2024. If Investment property were included in the Balance Sheet on an historical cost basis, then carrying amount would be £193,479.00. 

The property situated at 56 Baker Street, Luton, LU1 3PY has been shown at cost price of £337,496.00 (2023 : £337,496.00). The director thinks this value reflects the market value as at year end.

As per the director, the carrying value of the Investment Properties reflect the fair market value as on 31st March 2025.

4.

Share Capital

Allotted, called up and fully paid
2025
£		   2023
£
1 Class A share of £1.00 each 1    1 
1    1 

5.

Fair Value Reserves

2025
£		   2023
£
Fair Value Reserve 215,514    215,514 
215,514    215,514 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2025
£		 2023
£		 2025
£		 2023
£
Mr. Irfan Mohamed Ismail Molvi0 0 174,063 181,255 
3